By Nate Wolf

J.M. Smucker stock fell sharply in premarket trading Tuesday after the packaged food maker reported mixed quarterly earnings and projected a downturn in profit over the next fiscal year.

The company posted adjusted earnings of $2.31 a share for its fiscal fourth quarter, above Wall Street's call for $2.24, according to FactSet. Net sales of $2.1 billion fell short of analysts' $2.19 billion consensus estimate.

J.M. Smucker's stock fell 9.8% to $109.95.

Management projected adjusted earnings to drop to a range of $8.50 to $9.50 a share in the current fiscal year, down from $10.12 a share in fiscal 2025. Net sales, meanwhile, are expected to rise 2% to 4%, a sharp slowdown from the 7% growth Smucker's saw in fiscal 2025.

"We acknowledge that we continue to operate in a dynamic environment including evolving macroeconomic factors, record-high green coffee costs, implications from tariffs, regulatory and policy changes, and consumers that continue to seek value," CEO Mark Smucker said in prepared remarks.

The cautious outlook also takes into account ongoing weakness in the company's Sweet Baked Snacks segment, which includes the Hostess Brands acquired in 2023. Comparable Sweet Baked Snacks sales declined 14% and profit dropped a staggering 72% in fiscal 2025.

Write to Nate Wolf at nate.wolf@barrons.com

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June 10, 2025 07:45 ET (11:45 GMT)

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